Summ Foundation
- Assets
- $3.1m
- Revenue
- $221.2k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2023
- EIN
- 92-1428532
Organization Overview
Summ Foundation is located in New York, NY. Summ Foundation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Summ Foundation generated $221.2k in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE ATTACHEDSUMM FOUNDATION (THE ORGANIZATION) WAS ORGANIZED TO PROMOTE SOCIAL WELFARE, INCLUDING BUT NOT LIMITED TO, THE ADVANCEMENT OF SENSIBLE POLICIES THAT EXPAND LIBERTY IN ECONOMICS, SOCIAL POLICY, IMMIGRATION, AND FOREIGN AFFAIRS. THE ORGANIZATION PLANS TO ACCOMPLISH SUCH ACTIVITIES DIRECTLY OR BY MAKING GRANTS TO OTHER ORGANIZATIONS DESCRIBED IN SECTION 501(C)(4) OF THE CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2023 THE FOUNDATION MADE GRANTS TO VARIOUS ORGANIZATIONS AS PART OF IT'S MISSION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Granieri Director, Pres, Treas | OfficerTrustee | 2 | $0 |
Sarah Groothuis Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $221,236 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $221,236 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,042,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,263 |
| Fees for services: Accounting | $3,417 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,092,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $907,320 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,221,236 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,128,556 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,128,556 |
| Total liabilities and net assets/fund balances | $3,128,556 |
Grants Awarded
Over the last fiscal year, Summ Foundation has awarded $2,042,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
DRUG POLICY ACTION PURPOSE: DONATION TO SUPPORT PASSAGE OF NEW DRUG LAWS AND POLICIES GROUNDED IN EVIDENCE AND EQUITY. | $50,000 |
PARENTS DEFENDING EDUCATION PURPOSE: DONATION TO PROMOTE RESTORATION OF A SCHOOL CURRICULUM AND ENVIRONMENT FREE FROM POLITICAL IDEOLOGY. | $175,000 |
AMERICAN UNITY FUND PURPOSE: DONATION TO ADVANCE DEMOCRACY, FREEDOM FOR LGBTQ AMERICANS, AND RELIGIOUS FREEDOM. | $1,167,000 |
WINNING FOR WOMEN INC PURPOSE: DONATION TO SUPPORT WOMEN RUNNING FOR POLITICAL OFFICE WHO VALUE ECONOMIC FREEDOM AND NATIONAL SECURITY. | $200,000 |
DEFENDING DEMOCRACY PURPOSE: DONATION TO DEFENDING AMERICA'S DEMOCRATIC NORMS AND VALUES. | $200,000 |
NATIONAL BLACK EMPOWERMENT PURPOSE: DONATION DEVOTED TO THE ECONOMICS, EDUCATIONAL, & SOCIAL UPLIFT OF BLACK COMMUNITIES. | $150,000 |